DeHeng Advised Jinhang Group Co., Ltd. on Non-Public Issuance of Corporate Bonds

2024-02-06

On February 2, 2024, Zhuhai Jinhang Group Co., Ltd. successfully made the non-public issuance of the first tranche of its 2024 corporate bonds to professional investors, with an issuance scale of RMB 300 million, an issuance period of 3+2 years, and a coupon rate of 2.80%, setting the lowest interest rate record for the private placement of corporate bonds with the same rating and the maturity period in the country. 

As the issuer’s legal counsel, the DeHeng team actively communicated and worked closely with the issuer, underwriters, rating agencies, and other parties, and provided professional and efficient legal services for the issuance. The DeHeng team was led by Tan Weihua, partner of the Zhuhai Office and the Macao Hengqin Office, and Wei Sida, partner of the Macao Hengqin Office, with primary support from Yang Zhehao, Shi Zhanxiao, Yu Fei, Xie Jinmei, He Nan and Han Shuangshuang.